Bank technology

Though many banks have abandoned account aggregation, Geezeo Inc. is trying to build a business around the idea by incorporating budgeting tools and financial planning advice from its users.

Four more financial companies have agreed to license a patent portfolio from Ronald A. Katz Technology Licensing LP of Los Angeles covering interactive voice systems.

The 2007 FinTech 100 Ranking Published November 8, 2007 Review the methodology. Rank Ownership Total FY '06

The 2007 Top 25 Enterprise Companies in FinTech Published November 8, 2007 Review the methodology. Rank Ownership Total FY '06

The 2007 FinTech 100 Ranking

Bank of Montreal wants to use technology to help it and a growing network of partner banks to compete against large competitors in the commercial card market.

Executives at Metavante Technologies Inc., which gained its independence from Marshall & Ilsley Corp. last week, are planning to make a few strategic shifts, including taking aim at the credit union market and putting more effort into expanding abroad.

Bank of America Corp. has won some small-business customers by adding a social networking element to its Web site, according to a case study published Monday by Aite Group LLC.

The banking technology vendor Open Solutions Inc. has agreed to offer biometric authentication products from U.S. Biometrics Corp. of Naperville, Ill.

The risk consulting company Kroll Inc. has started an employment consulting unit, Security Placement Services.

StoreNext Retail Technologies LLC has agreed to offer its independent-grocer clients consumer check verification and imaging services from First Data Corp., the processing company recently purchased by Kohlberg Kravis Roberts & Co.

The table lists daily composite stock prices at 4 PM (unless otherwise noted) as measured by market capitalization.

After deciding they were no longer a strategic fit, Fiserv Inc. has agreed to sell most of its health-care operations to the insurer UnitedHealth Group Inc. of Minnetonka, Minn.

Wachovia Corp. has created a business unit to oversee all its payment offerings for consumers and small businesses.

A rash of transactions in the financial technology industry in the past several months likely will have an impact over the next few years.

Purepay LLC, a $100 million Columbus, Ohio, buyout fund focused on payment vendors, said Thursday that it has acquired a controlling stake in Netvantage Inc., a Gaithersburg, Md., processor the mainly serves state and local governments and has 140 lockbox clients.

Heartland Payment Systems Inc. named its chief financial officer to the additional post of president and said its third-quarter earnings grew 16.2% from a year earlier, to $11.8 million, or 30 cents a share.

Strong sales helped boost third-quarter earnings for the Jersey City payments technology provider Fundtech Ltd.